This rare offering presents an 18-unit apartment complex (15,340 SF) with substantial upside potential, marking its first availability in nearly 20 years. Built in 1961 and strategically located at the corner of Denning Court and Stanton Avenue adjacent to Sutter Health Eden Medical Center, the property features generously sized units averaging 852 square feet with significant private outdoor space - a premium amenity in today’s market. The asset’s strong operational foundation includes long-term, stable tenancy and meticulous maintenance standards that provide immediate cash flow while positioning the property for significant value creation. The property offers compelling value-add opportunities with projected 54% NOI growth potential through systematic unit renovations upon natural turnover. Recent capital improvements including a new flat roof (2025), upgraded copper plumbing, and completed sewer lateral work demonstrate the owner’s commitment to maintaining the asset’s structural integrity while reducing future capital expenditure requirements for the new owner. The common area laundry facility features owned machines, maximizing laundry income potential and eliminating lease obligations.
Castro Valley is located in California. Castro Valley, California has a population of 66,324. Castro Valley is less family-centric than the surrounding county with 34.96% of the households containing married families with children. The county average for households married with children is 36.75%.
The median household income in Castro Valley, California is $124,203. The median household income for the surrounding county is $112,017 compared to the national median of $69,021. The median age of people living in Castro Valley is 42.4 years.
The average high temperature in July is 75.6 degrees, with an average low temperature in January of 41.6 degrees. The average rainfall is approximately 21.3 inches per year, with 0 inches of snow per year.
